HEADLINE STOCKS-U.S. stocks to watch on May 29
(Updates prices, adds Sealed Air Corp, Oracle Corp, News Corp)
NEW YORK, May 29 (Reuters) - Some U.S. stocks to watch on Friday:
SEALED AIR CORP (SEE.N: Quote, Profile, Research)
Shares of Sealed Air Corp (SEE.N: Quote, Profile, Research) fell 1.9 percent to $19.73 after Goldman Sachs downgraded the stock of the packaging products maker to "sell" from "neutral," saying it expects the packaging sector to lag the market when the economy begins its cyclical recovery. See [ID:nBNG453818]
ORACLE CORP (ORCL.O: Quote, Profile, Research)
Broadpoint AmTech started shares of the software maker with a "buy" rating and a price target of $23. Oracle's shares rose 1.2 percent to $19.43.
NEWS CORP (NWSA.O: Quote, Profile, Research)
Shares of News Corp (NWSA.O: Quote, Profile, Research) rose 1.4 percent to $9.65. JP Morgan upgraded the stock to "overweight" from "neutral" and raised its price target on the shares to $12 from $9.
JP Morgan said the negative value the market is assigning to several of the media conglomerate's units is not justified given the positive cash flow they are expected to generate.
OFFICE DEPOT INC (ODP.N: Quote, Profile, Research)
Shares of Office Depot (ODP.N: Quote, Profile, Research) rose 6.2 percent to $4.65 after JP Morgan raised its rating on the office supplier to "overweight" from "neutral," citing a moderately better economic outlook. The analysts raised their price target on the stock to to $8 from $5. See [nBNG452814]
YINGLI GREEN ENERGY (YGE.N: Quote, Profile, Research)
Shares in Yingli Green Energy YGE.0 rose 5.6 percent to $12.61 after Barclays raised its price target on the stock to $15 from $12. The analysts have an "overweight" rating on the stock.
LEXMARK INTERNATIONAL INC (LXK.N: Quote, Profile, Research)
Shares of Lexmark International (LXK.N: Quote, Profile, Research) rose 7.9 percent to $16.43 after Barclays raised the laser printer maker to "equal weight" from "underweight" on Friday.
DELL INC (DELL.O: Quote, Profile, Research)
Shares of world No. 2 PC maker Dell Inc (DELL.O: Quote, Profile, Research) rose 0.2 percent to $11.50 on Friday, the day after its quarterly profit narrowly beat expectations even as the global economy slump hurt technology spending.
For details, see [ID:nN28362922].
MORGAN STANLEY (MS.N: Quote, Profile, Research)
Shares of Morgan Stanley rose 2.2 percent to $30.08 before after Fox-Pitt raised its share price target and earnings estimates on the bank.
For details, see [ID:nWNAB4587].
TIFFANY & CO (TIF.N: Quote, Profile, Research)
Shares of upscale retailer Tiffany & Co fell 1.6 percent to $27.66 after it posted a lower-than-expected quarterly profit as shoppers curbed spending on jewelry, but the company kept its full-year forecast.
For details, see [ID:nN29353279].
J CREW GROUP INC (JCG.N: Quote, Profile, Research)
Shares of J Crew surged 24.7 percent to $25.51 after the upscale apparel retailer's profit surpassed analyst expectations and it forecast a surprise second-quarter profit.
For details, see [ID:nN28362389]. (Reporting by Leah Schnurr and Edward Krudy)
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